Remedy Medical Properties Acquires Arbor Lakes Medical Office In Maple Grove For $24.8M

The medical office asset involved in the transaction is located at 12000 Elm Creek Boulevard in Maple Grove, MN. The property encompasses 89,000 square feet and was acquired for $24,800,000, which breaks down to a price per square foot of $279.

Summary of transation details:

• Property Type: Medical Office
• Transaction Amount: $24,800,000
• Buyer: Remedy Medical Properties
• Seller: Olympus Ventures
• Square Footage: 89,000
• Location: Maple Grove, MN
• Price per Square Foot: $279

Remedy Medical Properties has successfully entered the Twin Cities market through this transaction. Cushman & Wakefield is responsible for managing the leasing of the property.